Frank McCourt sells Wellington property near Bill Gates for $12M
Property is only a three-minute walk from Gates' roughly 20-acre assemblage
Billionaire Frank McCourt has parted ways with a 9-acre equestrian property in Wellington, near fellow billionaire Bill Gates.
Property records show McCourt’s Wellington Property Company LLC sold the 9.15-acre site at 13700 Quarter Horse Trail to New Haven, Connecticut-based Elite Equestrian Estates LLC. No financing was recorded.
McCourt, former owner of the L.A. Dodgers and president of Boston-based McCourt Group, put the property on the market with Maria Mendelsohn of Douglas Elliman in October for $14 million.
Carol Sollak of Engel & Volkers Wellington represented the buyer, according to Redfin.
It last sold for $8 million in 2013.
McCourt, meanwhile, is no stranger to South Florida. A trust tied to the developer paid $77 million for an oceanfront estate in Palm Beach in April. He also paid $20 million for a 40-acre horse farm in August, after selling a smaller property nearby for $12 million.
In Miami, McCourt is co-developing The Towers by Foster + Partners along with Florida East Coast Realty and Corigin Real Estate Group, a pair of connected skyscrapers planned for Brickell.